Creation and Satisfaction of Charges
Register of Charges
Companies Act, 2013 makes it mandatory for all companies having created any charge to keep a register of charges in the prescribed format at the registered office of the company.Know More IMPORTANT
Certificate of Registration
When a charge is created and filed with the Registrar, the Registrar of Companies would issue a certificate of registration of charge to the person in whose favor the charge is created.
As per Companies Act, 2013, non-registration of a charge makes the company and officers of the company liable for fines and punishment.
In case the terms, conditions, extend or operation of a charge created on a company and filed with the Registrar is changed, then the company must file for modification of the charge.
When the charge created on a property or asset of a company is satisfied in fully, the company must give intimation to the Registrar on satisfaction of the charge.